U.S. health insurers benefit as elective care cuts offset coronavirus costs

spike

NEW YORK (Reuters) – As Americans delay elective surgeries and avoid doctors and hospitals during the coronavirus pandemic, healthcare spending declines have more than offset the added costs of COVID-19 care, insurance executives and experts say, boosting U.S. health insurer profits.

FILE PHOTO: Nurse Leah Silver cares for a coronavirus disease (COVID-19) patient in the COVID ICU at the University of Washington Medical Center – Montlake during the COVID-19 outbreak in Seattle, Washington, U.S. April 24, 2020. REUTERS/David Ryder

Those gains, however, could be short term, depending on how quickly the coronavirus outbreak subsides and healthcare business begins to return

Read More